importance of business law to students

However, researchers over time have pointed out that there was a gap between the legal awareness and understanding expected of graduate accountants and the legal education offered at a tertiary level. To protect Intellectual Property of business entities. Students should be instructed to begin by watching the chapter overview video, which provides a holistic overview of the entire chapter. Sorry, your blog cannot share posts by email. Business Law and Business Law Attorney Business law is a body of the law that mainly focuses on the legal and proper configuration within with the business and the organization operates. One of our Education Advisors will get in touch with you shortly and will explain the programme in greater detail and answer all of your questions. 8. Academic Content. “Managers must become more astute about the legal environment around them, and be willing to challenge and work with counsel to achieve best outcomes,” she told Sean Silverstone at Harvard Business School. Importance of Business Law for MBA Students 1. can send it to you via email. One of our Education Advisors will get in touch with you shortly and will explain the programme in greater detail and answer all of your questions. From time to time we can read and hear about business scandals involving unethical and unlawful acts and exploitation of loop holes in regulations. To provide Business Security. At a minimum, you need to know what conduct is legal and what is not. In fact, IP law is a vitally important tool to understand invention patents, avoid IP infringements and the rules of tough, but fair, competition. Often, this involves the expertise of a specialist who can help entrepreneurs succeed in an area such as law or finance. 2. we might edit this sample to provide you with a plagiarism-free paper, Service If you need this or any other sample, we Please how do I get an online admission and how do I know if this schooling is legit. In today’s almost borderless business environment, understanding the organisation’s rights vis-à-vis its employees, clients, vendors, government, etc., will go a long way to making better, more informed, and profitable business decisions. After all, they may have joined a management programme with the dream of becoming a manager in a multinational company in which they might assume there will be teams in of lawyers in place to take care of any legal implications. To provide reliable Financial Information of entities. The importance of business law education is emphasised by the fact that there is a compulsory commercial law topic in the academic requirements for a chartered accountants' programme of study. The business law studies are very important, as it helps the management professionals in realizing the business ethics, he or she must follow, in order to run a proper and authenticated business. Otherwise most of the time the business owners may be cheating consumers through unethical and unlawful acts to maximize profits. 4. These tools can range from contracts (both formal and informal) that are used in just about every facet of business transactions, relationships, employment and shareholding concerns to various forms of intellectual property (IP) protection. With more detailed information specific to your course and field of study, including: By submitting this form you agree to be contacted by Southern Cross University Online regarding furthering your education. Such property may be patents, trade secrets, symbols, copyrights, name, etc. Business leaders are constantly required to make agreements and transactions that have legal ramifications, often without full comprehension or up-to-date knowledge of their parameters. Business laws also provide unauthorized use of intellectual property of the business entities. Functions of Business Law. 6. Business law defines different types of business for setup, such as – Partnership, Proprietorship, Corporation (Private and Public), etc. To protect Consumer Rights. They are too important to delegate to lawyers who, while experts on the legal details, will not necessarily understand your broader business objectives. For more information you may request for a free catalogue at Even for mid-sized companies, having legal teams in place to cover every eventuality may for practical purposes be out of the question. Business Law: An Introduction 5 slides a study aids. Hello Vuyo, Thank you for your message and your interest. Other areas to consider include corporate and company law, which covers all aspects of business operating constraints as well as corporate structure. FOR ONLY $13.90/PAGE, Importance of the Office of the Investigator General…, The Importance of Law (Legal Back Up) to an…, Importance of Psychological Fitness in Law Enforcement, Criminal Investigation: Its History and Its…, Zuni Public School Dist. By contrast, business leaders with a firm grasp on legal knowledge at the outset can outpace their competition through an understanding of what makes a viable transaction. Business law also defines guidelines for providing reliable financial information such as financial statements of business entities. We are mindful that within and without the concrete and steel of buildings these Lands always were and always will be Aboriginal Land. 47 Bergen St--Floor 3, Brooklyn, NY 11201, USA, Sorry, but copying text is forbidden on this To protect Intellectual Property of business entities. And no business operates in isolation from external challenges. Infringement of such properties without consent might be very harmful for any business. In short, a better understanding of Corporate, Consumer, and Commercial Law helps in setting benchmarks in product quality, safety standards, production and operational standards, and human resources, thereby protecting the rights of the organisation, its clients, vendors, and employees. Recommended Teaching Methods Pre-session Assignment and Preparation - Provide students with the dynamic text material prior to class.

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